30,000 Shares in Conduent Incorporated (NASDAQ:CNDT) Purchased by BBR Partners LLC

BBR Partners LLC acquired a new stake in shares of Conduent Incorporated (NASDAQ:CNDT) in the third quarter, HoldingsChannel reports. The fund acquired 30,000 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HTG Investment Advisors Inc. acquired a new stake in shares of Conduent during the second quarter worth approximately $37,000. Algert Global LLC acquired a new position in Conduent during the 2nd quarter worth $52,000. Williams & Novak LLC bought a new stake in shares of Conduent in the 2nd quarter worth about $65,000. Lazard Asset Management LLC acquired a new stake in shares of Conduent in the 1st quarter valued at about $79,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Conduent during the second quarter worth about $80,000. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

Conduent Stock Down 3.4 %

NASDAQ:CNDT opened at $3.70 on Friday. The stock has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $3.67. Conduent Incorporated has a one year low of $2.95 and a one year high of $4.38. The company has a market capitalization of $591.59 million, a price-to-earnings ratio of 1.63 and a beta of 1.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The business’s revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. Sell-side analysts predict that Conduent Incorporated will post -0.45 EPS for the current fiscal year.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.